Segment reports are used to evaluate the true profitability of a company's business segments.

Name: Segment reports are used to evaluate the true profitability of a company's business segments.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Segment reports provide detailed information about the financial performance of different business segments of a company. This helps in analyzing the profitability of each segment and identifying which segment is contributing more to the overall profitability of the company. Therefore, statement is true.

Segment Reports Are Used to Evaluate the True Profitability of a Company's